Illicit Cryptocurrency Use Targeted in Proposed 2018 FBI Budget

in cryptocurrency •  8 years ago 

The FBI is requesting $21m and 80 new employees in a bid to investigate emerging tech that could help the agency combat cybercrime.

In a budget request for fiscal year 2018, sent on 21st June, Andrew McCabe, acting director of the FBI, testified to the White House that the agency is facing what it believes are significant challenges in gaining access to digital information – even when it has the legal authority to do so. This notably includes cases that involve "drug traffickers using virtual currencies to obscure their transactions".

It is also the same narrative that the FBI's former Director James Comey put forth last month before the Senate Judiciary Committee.

Read more here: http://www.coindesk.com/illicit-cryptocurrency-use-targeted-proposed-2018-fbi-budget/

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FBI is king of king..👮👍